"Ale przez całą historię Bitcoina, osiągał on szczyt w czwartym kwartale roku po halvingu. Zobaczysz to bardzo wyraźnie, czwarty kwartał 2013, czwarty kwartał 2017 i oczywiście czwarty kwartał 2021, a ostatnio czwarty kwartał 2025." "But, throughout all of Bitcoin's history, it has topped in the fourth quarter of the post having year. You'll see it very clearly, the fourth quarter of 2013, the fourth quarter of 2017, and of course the fourth quarter of 2021, and most recently the fourth quarter of 2025."
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… ed under a fairly similar four-year cycle with tops as well, and so far it has been right translated cycles. Now, in every cycle, you could have a left translated cycle, or you could have a right translated cycle. A left translated cycle would mean that Bitcoin would top out sooner than it normally does, and then spend more than 1 year going down. But, throughout all of Bitcoin's history, it has topped in the fourth quarter of the post having year. You'll see it very clearly, the fourth quarter of 2013, the fourth quarter of 2017, and of course the fourth quarter of 2021, and most recently the fourth quarter of 2025. And again, the lows generally Q4 of 2014, though technically you could argue it was Q 1 of 2025, Q4 of 2018, Q4 of 2022, and what we're speculating is Q4 of 2026. Okay? So, you should know though that when we talk about the four-year cycle, we're not actually referring to the highs. In fact, had Bitcoin topped in say late 2024, it could have still …
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